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BusinessDesk
Independent, Trustworthy New Zealand Business News
The Wellington-based BusinessDesk team provides a daily news feed for a serious business audience.
BusinessDesk - Latest News [Page 743]
Employment Court win leaves fmr CHH mgr $30k out of pocket
Friday, 4 September 2015, 1:33 pm | BusinessDesk
Sept. 4 (BusinessDesk) - David Rodkiss, a former Carter Holt Harvey engineering manager who successfully sued the wood products company in the Employment Court, has been left almost $30,000 out of pocket, an outcome the presiding judge called "unsatisfactory ... More >>
Update: Parole Board over-relied on Petricevic psych report
Friday, 4 September 2015, 11:44 am | BusinessDesk
Update: Parole Board over-relied on Petricevic-paid psych report (Updates with comments from Parole Board counsel throughout) More >>
Chinese firm may take 50% of Silver Fern Farms
Friday, 4 September 2015, 11:36 am | BusinessDesk
Sept. 4 (BusinessDesk) - Chinese interests may be close to acquiring 50 percent of Silver Fern Farms, in a deal that would increase the dominance of New Zealand's biggest meat exporter and erode farmer control of the industry, say shareholders ... More >>
Pushpay presses into Canada in drive for church custom
Friday, 4 September 2015, 11:18 am | BusinessDesk
Sept. 4 (BusinessDesk) - Pushpay Holdings, the mobile app payments developer, plans to expand its sales reach into Canada, expanding its drive to increase sales to the North American faith-based market of some 329,000 churches. More >>
Parole Board over-relied on Petricevic-paid pysch report
Friday, 4 September 2015, 10:55 am | BusinessDesk
Sept. 4 (BusinessDesk) - The Sensible Sentencing Trust says the Parole Board shouldn't have relied on a single psychologist report paid for by former Bridgecorp boss Rod Petricevic, and opposes his release half-way into his six-year, 10-month sentence. More >>
Pumpkin Patch appoints Dave Foster as CFO
Friday, 4 September 2015, 9:44 am | BusinessDesk
Sept. 4 (BusinessDesk) - Pumpkin Patch has appointed Dave Foster as its chief financial officer to replace Steve Mackay, who quit the ailing children's clothing chain after less than a year. More >>
NZ dollar jumps vs. euro after ECB lowers economic outlook
Friday, 4 September 2015, 8:24 am | BusinessDesk
Sept. 4 (BusinessDesk) - The New Zealand dollar jumped against the euro after the European Central Bank lowered its outlook for the region's economy and suggested it may add extra stimulus. More >>
While you were sleeping: Draghi delivers relief
Friday, 4 September 2015, 8:08 am | BusinessDesk
Sept. 4 (BusinessDesk) - Wall Street ended mixed ahead of August’s jobs report while equities on the other side of the Atlantic advanced on European Central Bank President Mario Draghi’s promise of additional stimulus if needed. More >>
MARKET CLOSE: NZ shares fall on global jitters
Thursday, 3 September 2015, 5:42 pm | BusinessDesk
Sept. 3 (BusinessDesk) - New Zealand shares fell as investors remained cautious after last week's spike in volatility when equity markets were sold off on fears over the Chinese economy. Fletcher Building, A2 Milk, and Sky Network Television declined. More >>
NZ dollar slips as Chinese intervention calms markets
Thursday, 3 September 2015, 5:16 pm | BusinessDesk
Sept. 3 (BusinessDesk) - The New Zealand dollar fell after intervention by China to prop up ailing equities calmed volatile markets ahead of this week's US employment data, which may keep alive chances of a rate hike by the Federal Reserve this month. More >>
Sensible Sentencing Trust seeks Petricevic review
Thursday, 3 September 2015, 4:34 pm | BusinessDesk
Sept. 3 (BusinessDesk) - The Sensible Sentencing Trust has filed proceedings in the High Court at Wellington seeking a judicial review of the decision to release former Bridgecorp boss Rod Petricevic on parole, the trust's first such action in a white ... More >>
CORRECT: Government, Auckland iwi reach agreement
Thursday, 3 September 2015, 4:25 pm | BusinessDesk
(Removes reference to selling land in first paragraph, fixes reference to protocol in fourth paragraph) More >>
Government and iwi reach agreement for private housing
Thursday, 3 September 2015, 2:47 pm | BusinessDesk
Sept. 3 (BusinessDesk) - The government has reached agreement with Ngati Whatua over selling 500 hectares of excess land in Auckland for private housing which had been under High Court challenge. More >>
Seadragon rejected Blackmores in favour rights issue
Thursday, 3 September 2015, 1:50 pm | BusinessDesk
Sept. 3 (BusinessDesk) - SeaDragon, the fish oil refiner aiming to raise up to $9 million from shareholders to fund the escalating cost of an Omega-3 factory, says it turned down an investment offer from Australian health supplement company Blackmores ... More >>
Air NZ to defend US class action over air cargo cartel claim
Thursday, 3 September 2015, 1:16 pm | BusinessDesk
Air NZ to defend US class action over air cargo cartel claim By Paul McBeth More >>
UPDATE: NZ new vehicle sales rise 10% in August
Thursday, 3 September 2015, 1:08 pm | BusinessDesk
Sept. 3 (BusinessDesk) - New Zealand new vehicle sales rose 10 percent in August and are on track to surpass last year's record as competition keeps a lid on prices even as a decline in the kiwi dollar pushes up costs for importers. More >>
NZ building work climbs in June quarter
Thursday, 3 September 2015, 11:25 am | BusinessDesk
Sept. 3 (BusinessDesk) - New Zealand construction activity expanded for a second quarter, swelled by non-residential work as the focus of the Canterbury rebuild shifts to commercial buildings. More >>
Kathmandu board urges shareholders to reject Briscoe's offer
Thursday, 3 September 2015, 10:52 am | BusinessDesk
Sept. 3 (BusinessDesk) - The increasingly hostile takeover offer for Kathmandu has seen the outdoor clothing chain retailer’s board reiterate today that the offer from Briscoe Group is inadequate and urged shareholders to reject it. More >>
New crowdfunder Liftoff fails to fly on first outing
Thursday, 3 September 2015, 10:37 am | BusinessDesk
Sept. 3 (BusinessDesk) - Liftoff, a new crowd-funding platform has failed to fly with its first offer, raising just $2,500 of the $1.2 million sought. More >>
Auckland house sales climb to 15-yr high for month of August
Thursday, 3 September 2015, 10:36 am | BusinessDesk
Sept. 3 (BusinessDesk) - Auckland house sales jumped in August as a flood of new listings drove an unseasonably high level of activity, trimming average sale prices in the month, according to Barfoot & Thompson. More >>
